Common use of Multicurrency Revolving Loans Clause in Contracts

Multicurrency Revolving Loans. Subject to the terms and conditions hereof, each Multicurrency Lender severally agrees, on the terms and conditions hereinafter set forth, to make revolving credit loans ("Multicurrency Revolving Loans") to a Borrower, in U.S. Dollars or in Euros, from time to time during the Commitment Period in an aggregate principal Dollar Amount at any one time outstanding not to exceed the amount of such Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "Multicurrency Revolving Committed Amount"); provided that with regard to each individual Multicurrency Lender (other than Bank of America, N.A. with respect to Swingline Loans), the Dollar Amount of such Multicurrency Lender's pro rata share of outstanding Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicable, such Multicurrency Lender's pro rata share of the Swingline Loans) shall not exceed such Multicurrency Lender's Commitment Percentage of the Multicurrency Revolving Committed Amount. During the Commitment Period each Borrower may use the Multicurrency Revolving Committed Amount by borrowing, prepaying the Multicurrency Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Multicurrency Revolving Loans plus the Multicurrency Lenders' pro rata share of all Swingline Loans plus the Multicurrency Lenders' pro rata share of all LOC Obligations at any one time outstanding exceed the Multicurrency Revolving Committed Amount.

Appears in 2 contracts

Samples: Credit Agreement (Hercules Inc), Credit Agreement (Hercules Inc)

AutoNDA by SimpleDocs

Multicurrency Revolving Loans. Subject to the terms Each Multicurrency Revolving Lender, severally and conditions hereoffor itself alone, each Multicurrency Lender severally hereby agrees, on the terms and subject to the conditions hereinafter set forthforth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make revolving credit loans ("Multicurrency Revolving Loans") to a Borrower, Company and each European Subsidiary Borrower denominated in U.S. Dollars or in Euros, an Alternative Currency on a revolving basis from time to time during the Commitment Period Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed its Multicurrency Revolver Pro Rata Share of the amount of Total Available Multicurrency Revolving Commitment (each such loan by any Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount may be reduced , a “Multicurrency Revolving Loan” and collectively, the “Multicurrency Revolving Loans”); provided, further, no Borrowing pursuant to subsection 2.5 or subsection 2.6(b)(v)(Ithis Section 2.l(a), the "Multicurrency Revolving Committed Amount"); provided that when aggregated with regard to each individual Multicurrency Lender then outstanding Loans shall, (other than Bank of America, N.A. with respect to Swingline Loans), i) cause the Dollar Amount Equivalent of such Multicurrency Lender's pro rata share the sum of all outstanding Loans and LC Obligations denominated in Canadian Dollars, Australian Dollars or any Alternative Currency to exceed the Maximum Foreign Currency Sublimit; (ii) cause the Dollar Equivalent of the sum of all outstanding Loans and LC Obligations owing by Subsidiary Borrowers to exceed the Maximum Foreign Borrower Sublimit; or (iii) cause the Dollar Equivalent of the sum of all outstanding Loans and LC Obligations owing by European Holdco to exceed the European Holdco Sublimit. All Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicable, such Multicurrency Lender's pro rata share of comprising the Swingline Loans) same Borrowing hereunder shall not exceed such Multicurrency Lender's Commitment Percentage of be made by the Multicurrency Revolving Committed AmountLenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments. During the Commitment Period each Borrower may use Prior to the Multicurrency Revolving Committed Amount by borrowingRevolver Termination Date, prepaying the Multicurrency Revolving Loans in whole or in part, may be repaid and reborrowing, all reborrowed by Company and the European Subsidiary Borrowers in accordance with the terms and conditions hereof; provisions hereof and, except as otherwise specifically provided that in no event shall the aggregate Dollar Amount with respect to principal of herein all Multicurrency Revolving Loans plus comprising the same Borrowing shall at all times be of the same Type and shall be due in full on the Multicurrency Lenders' pro rata share of all Swingline Revolver Termination Date. All Loans plus made pursuant to this Section 2.1(a) on the Multicurrency Lenders' pro rata share of all LOC Obligations Initial Borrowing Date shall be Base Rate Loans unless Company has delivered a Eurocurrency Funding Indemnity to Administrative Agent at any one time outstanding exceed least three (3) Business Days prior to the Multicurrency Revolving Committed AmountInitial Borrowing Date.

Appears in 1 contract

Samples: Credit Agreement (Greif Inc)

Multicurrency Revolving Loans. Subject to the terms Each Multicurrency Revolving Lender, severally and conditions hereoffor itself alone, each Multicurrency Lender severally hereby agrees, on the terms and subject to the conditions hereinafter set forthforth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make revolving credit loans to ("Multicurrency Revolving Loans"i) to Company and any Other Subsidiary Borrower that is a BorrowerDomestic Subsidiary denominated in Dollars and (ii) Company, European Holdco and any Other Subsidiary Borrower (other than the French Borrowers) that is a Foreign Subsidiary denominated in Dollars or an Alternative Currency, in U.S. Dollars or in Euroseach case, on a revolving basis from time to time during the Commitment Period Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed its Multicurrency Revolver Pro Rata Share of, with respect to all Borrowers, the amount of Total Available Multicurrency Revolving Commitment and with respect to any applicable Borrower, such Borrower’s Available Revolver Sublimit (each such loan by any Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount , a “Multicurrency Revolving Loan” and collectively, the “Multicurrency Revolving Loans”). All Multicurrency Revolving Loans comprising the same Borrowing hereunder shall be made by the Multicurrency Revolving Lenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments. Prior to the Revolver Termination Date, Multicurrency Revolving Loans may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I)repaid and reborrowed by Company, the "Multicurrency Revolving Committed Amount"); provided that with regard to each individual Multicurrency Lender European Holdco and Other Subsidiary Borrowers (other than Bank of America, N.A. with respect to Swingline Loans), the Dollar Amount of such Multicurrency Lender's pro rata share of outstanding Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicable, such Multicurrency Lender's pro rata share of the Swingline LoansFrench Borrowers) shall not exceed such Multicurrency Lender's Commitment Percentage of the Multicurrency Revolving Committed Amount. During the Commitment Period each Borrower may use the Multicurrency Revolving Committed Amount by borrowing, prepaying the Multicurrency Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions provisions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Multicurrency Revolving Loans plus the Multicurrency Lenders' pro rata share of all Swingline Loans plus the Multicurrency Lenders' pro rata share of all LOC Obligations at any one time outstanding exceed the Multicurrency Revolving Committed Amount.

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

Multicurrency Revolving Loans. Subject to the terms Each Multicurrency Revolving Lender, severally and conditions hereoffor itself alone, each Multicurrency Lender severally hereby agrees, on the terms and subject to the conditions hereinafter set forthforth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make revolving credit loans to ("Multicurrency Revolving Loans"i) to Company and any Other Subsidiary Borrower that is a BorrowerDomestic Subsidiary denominated in Dollars and (ii) Company, European Holdco and any Other Subsidiary Borrower (other than the French Borrowers) that is a Foreign Subsidiary denominated in Dollars or an Alternative Currency, in U.S. Dollars or in Euroseach case, on a revolving basis from time to time during the Commitment Period Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed its Multicurrency Revolver Pro Rata Share of, with respect to all Borrowers, the amount of Total Available Multicurrency Revolving Commitment and with respect to any applicable Borrower, such Borrower’s Available Revolver Sublimit (each such loan by any Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount , a “Multicurrency Revolving Loan” and collectively, the “Multicurrency Revolving Loans”). All Multicurrency Revolving Loans comprising the same Borrowing hereunder shall be made by the Multicurrency Revolving Lenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments. Prior to the Revolver Termination Date, Multicurrency Revolving Loans may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I)repaid and reborrowed by Company, the "Multicurrency Revolving Committed Amount"); provided that with regard to each individual Multicurrency Lender European Holdco and Other Subsidiary Borrowers (other than Bank the French Borrowers) in accordance with the provisions hereof. Each of America, N.A. with respect to Swingline Loans), the Dollar Amount of such Multicurrency Lender's pro rata share of parties hereto hereby agrees that the Administrative Agent shall reallocate the outstanding Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicable, such Multicurrency Lender's pro rata share of amongst the Swingline Loans) shall not exceed such Multicurrency Lender's Commitment Percentage of Lenders on the Restatement Date based on their respective Multicurrency Revolving Committed Amount. During the Commitment Period each Borrower Commitments as may use the Multicurrency Revolving Committed Amount by borrowing, prepaying the Multicurrency Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof; provided be reasonably necessary to ensure that in no event shall the aggregate Dollar Amount with respect to principal of all Multicurrency Revolving Loans plus are held by the Multicurrency Lenders' Lenders pro rata share of all Swingline Loans plus the Multicurrency Lenders' pro rata share of all LOC Obligations at any one time outstanding exceed the in accordance with their respective Multicurrency Revolving Committed AmountCommitments.

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

Multicurrency Revolving Loans. Subject to the terms Each Multicurrency Revolving Lender, severally and conditions hereoffor itself alone, each Multicurrency Lender severally hereby agrees, on the terms and subject to the conditions hereinafter set forthforth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make revolving credit loans ("to any or all of the Multicurrency Revolving Loans") to a BorrowerBorrowers denominated in Dollars or an Alternative Currency, in U.S. Dollars or in Euroseach case, on a revolving basis from time to time during the Multicurrency Revolving Commitment Period Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed its Multicurrency Revolver Pro Rata Share of the amount of such Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "Total Available Multicurrency Revolving Committed Amount"); provided that with regard to each individual Multicurrency Lender (other than Bank of AmericaCommitment and, N.A. with respect to Swingline Loans), the Dollar Amount of such Multicurrency Lender's pro rata share of outstanding any applicable Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicableBorrower, such Multicurrency Revolving Borrower’s Available Multicurrency Revolver Sublimit (each such loan by any Multicurrency Revolving Lender's pro rata share of , together with loans made pursuant to any Additional Facility that increases the Swingline Loans) shall not exceed such Multicurrency Lender's Revolving Facility and loans made pursuant to any Extended Revolving Commitment Percentage or Replacement Revolving Commitment in respect of the Multicurrency Revolving Committed AmountFacility, a “Multicurrency Revolving Loan” and collectively, the “Multicurrency Revolving Loans”). During All Multicurrency Revolving Loans comprising the Commitment Period each Borrower may use same Borrowing hereunder shall be made by the Multicurrency Revolving Committed Amount by borrowing, prepaying Lenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments. Prior to the Revolver Termination Date applicable to the Multicurrency Revolving Facility, Multicurrency Revolving Loans in whole or in part, may be repaid and reborrowing, all reborrowed by the Multicurrency Revolving Borrowers in accordance with the terms and conditions provisions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Multicurrency Revolving Loans plus the Multicurrency Lenders' pro rata share of all Swingline Loans plus the Multicurrency Lenders' pro rata share of all LOC Obligations at any one time outstanding exceed the Multicurrency Revolving Committed Amount.

Appears in 1 contract

Samples: Credit Agreement (BALL Corp)

Multicurrency Revolving Loans. Subject to the terms Each Multicurrency Revolving Lender, severally and conditions hereoffor itself alone, each Multicurrency Lender severally hereby agrees, on the terms and subject to the conditions hereinafter set forthforth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make loans to the Borrower denominated in Dollars, Sterling or Euros on a revolving credit loans ("Multicurrency Revolving Loans") to a Borrower, in U.S. Dollars or in Euros, basis from time to time during the Commitment Period Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed its Multicurrency Revolver Pro Rata Share of the amount of Total Available Multicurrency Revolving Commitment (each such loan by any Multicurrency Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), a "Multicurrency Revolving Loan" and collectively, the "Multicurrency Revolving Committed AmountLoans"); provided that with regard to each individual Multicurrency Lender (other than Bank of America, N.A. with respect to Swingline Loans), the Dollar Amount of such Multicurrency Lender's pro rata share of outstanding . All Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicable, such Multicurrency Lender's pro rata share of comprising the Swingline Loans) same Borrowing hereunder shall not exceed such Multicurrency Lender's Commitment Percentage of be made by the Multicurrency Revolving Committed AmountLenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments. During the Commitment Period each Borrower may use Prior to the Multicurrency Revolving Committed Amount by borrowingRevolver Termination Date, prepaying the Multicurrency Revolving Loans in whole or in part, may be repaid and reborrowing, all reborrowed by the Borrower in accordance with the terms and conditions hereof; provisions hereof and, except as otherwise specifically provided that in no event shall the aggregate Dollar Amount with respect to principal of Section 3.6, all Multicurrency Revolving Loans plus comprising the Multicurrency Lenders' pro rata share same Borrowing shall at all times be of all Swingline Loans plus the Multicurrency Lenders' pro rata share same Type. For purposes of all LOC Obligations at any one time outstanding exceed clarification, the parties hereto agree that (i) on the Amendment and Restatement Effective Date, the Multicurrency Revolving Committed AmountCommitments (as defined in the Original Credit Agreement) under the Original Credit Agreement are reallocated as Multicurrency Revolving Commitments hereunder in the amounts set forth on Schedule 1.1 to this Agreement and (ii) the Total Multicurrency Revolving Commitments as of the Amendment and Restatement Effective Date after giving effect to this Agreement are equal to the Dollar Equivalent of $50,000,000. Each Existing Multicurrency Revolving Lender on the Amendment and Restatement Effective Date agrees to continue its Existing Multicurrency Commitment as a Multicurrency Revolving Commitment under this Agreement in the amounts set forth opposite such Lender's name on Schedule 1.1 to this Agreement under the heading "Amount of Multicurrency Revolving Commitment".

Appears in 1 contract

Samples: Credit Agreement (Huntsman International LLC)

Multicurrency Revolving Loans. Subject to the terms Each Multicurrency Revolving Lender, severally and conditions hereoffor itself alone, each Multicurrency Lender severally hereby agrees, on the terms and subject to the conditions hereinafter set forthforth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make revolving credit loans ("Multicurrency Revolving Loans") to a Borrowerany or all of Company and Other Subsidiary Borrowers denominated in Dollars or an Alternative Currency, in U.S. Dollars or in Euroseach case, on a revolving basis from time to time during the Multicurrency Revolving Commitment Period Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed its Multicurrency Revolver Pro Rata Share of the amount of such Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), the "Total Available Multicurrency Revolving Committed Amount"); provided that with regard to each individual Multicurrency Lender (other than Bank of AmericaCommitment and, N.A. with respect to Swingline Loans)any applicable Borrower, such Borrower’s Available Revolver Sublimit (each such loan by any Lender, together with loans made pursuant to any Additional Facility that increases the Multicurrency Revolving Facility and loans made pursuant to any Extended Revolving Commitment or Replacement Revolving Commitment, a “Multicurrency Revolving Loan” and collectively, the Dollar Amount of such Multicurrency Lender's pro rata share of outstanding Revolving Loans”). All Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicable, such Multicurrency Lender's pro rata share of comprising the Swingline Loans) same Borrowing hereunder shall not exceed such Multicurrency Lender's Commitment Percentage of be made by the Multicurrency Revolving Committed AmountLenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments. During Prior to the Commitment Period each Borrower may use Revolver Termination Date applicable to the Multicurrency Revolving Committed Amount by borrowingFacility, prepaying the Multicurrency Revolving Loans in whole or in part, may be repaid and reborrowing, all reborrowed by Company and Other Subsidiary Borrowers in accordance with the terms and conditions provisions hereof; provided that in no event shall the aggregate Dollar Amount with respect to principal of all Multicurrency Revolving Loans plus the Multicurrency Lenders' pro rata share of all Swingline Loans plus the Multicurrency Lenders' pro rata share of all LOC Obligations at any one time outstanding exceed the Multicurrency Revolving Committed Amount.

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

AutoNDA by SimpleDocs

Multicurrency Revolving Loans. Subject to From and after the terms and conditions hereofClosing Date, each Lender with a Multicurrency Lender Revolving Loan Commitment hereby severally agrees, on subject to the terms and conditions hereinafter limitations set forthforth below with respect to the maximum amount of Multicurrency Revolving Loans permitted to be outstanding from time to time, to make revolving credit loans ("Multicurrency Revolving Loans") Loans in Dollars, ADollars and Euro, to a Xxxxx-Xxxxxxxx or an Additional Domestic Subsidiary Borrower, in U.S. Dollars or in Eurosas the case may be, from time to time during the period from and including the Closing Date to but excluding the Multicurrency Revolving Loan Commitment Period Termination Date in an aggregate principal Dollar Amount amount at any one time outstanding not exceeding its Pro Rata Share of the aggregate amount of the Multicurrency Revolving Loan Commitments to exceed be used for the purposes and subject to the limitations identified in subsection 2.5A. The amount of each Multicurrency Revolving Lender’s Multicurrency Revolving Loan Commitment is set forth opposite its name on Schedule A annexed hereto and the aggregate amount of the Multicurrency Revolving Loan Commitments as of the Closing Date is $600,000,000 (or the Offshore Currency Equivalent thereof); provided, that the Multicurrency Revolving Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Multicurrency Revolving Loan Commitments pursuant to subsection 10.2, shall be reduced from time to time by the amount of such Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount may be reduced any reductions thereto made pursuant to subsection 2.5 or 2.4 and shall be increased from time to time by the amount of any increase thereto pursuant to subsection 2.6(b)(v)(I2.1A(vii), . In no event shall the "Multicurrency Revolving Committed Amount"); provided that with regard to each individual Multicurrency Lender (other than Bank aggregate principal amount of America, N.A. with respect to Swingline Loans), the Dollar Amount of such Multicurrency Lender's pro rata share of outstanding Multicurrency Revolving Loans plus LOC Obligations outstanding (plusto Xxxxx-Xxxxxxxx and, if applicable, such an Additional Domestic Subsidiary Borrower, as the case may be, from any Lender outstanding at any time exceed its Multicurrency Revolving Loan Commitment then in effect. Each Lender's pro rata share of the Swingline Loans) ’s Multicurrency Revolving Loan Commitment shall not exceed such Multicurrency Lender's Commitment Percentage of expire on the Multicurrency Revolving Committed Amount. During the Loan Commitment Period each Borrower may use the Termination Date and all Multicurrency Revolving Committed Amount by borrowing, prepaying Loans and all other amounts owed hereunder with respect to the Multicurrency Revolving Loans and the Multicurrency Revolving Loan Commitments shall be paid in whole or full no later than that date. Amounts borrowed under this subsection 2.1A(v) may be repaid and reborrowed to but excluding the Multicurrency Revolving Loan Commitment Termination Date. Anything contained in partthis Agreement to the contrary notwithstanding, the Multicurrency Revolving Loans and reborrowing, all in accordance with the terms and conditions hereof; provided Multicurrency Revolving Loan Commitments shall be subject to the limitation that in no event shall the aggregate Dollar Amount with respect to principal Total Utilization of all Multicurrency Revolving Loans plus the Multicurrency Lenders' pro rata share of all Swingline Loans plus the Multicurrency Lenders' pro rata share of all LOC Obligations Loan Commitments at any one time outstanding exceed the Multicurrency Revolving Committed Loan Commitments then in effect. Multicurrency Revolving Loans (other than (y) Multicurrency Revolving Loans made for the purpose of reimbursing any Issuing Lender for the amount of a drawing honored under a Letter of Credit issued by it, which shall be in the amount of such drawing so honored, or (z) Multicurrency Revolving Loans made for the purpose of repaying the Domestic Overdraft Amount, which shall be in an amount equal to the Domestic Overdraft Amount) made on any Funding Date shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000, in excess of that amount.

Appears in 1 contract

Samples: Credit Agreement (Owens-Illinois Group Inc)

Multicurrency Revolving Loans. Subject to the terms Each Multicurrency Revolving Lender, severally and conditions hereoffor itself alone, each Multicurrency Lender severally hereby agrees, on the terms and subject to the conditions hereinafter set forthforth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make revolving credit loans ("Multicurrency Revolving Loans") to a BorrowerCompany, European Holdco and Subsidiary Borrowers denominated in U.S. Dollars or in Euros, an Alternative Currency on a revolving basis from time to time during the Commitment Period Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed its Multicurrency Revolver Pro Rata Share of (a) with respect to all Borrowers, the amount of Total Available Multicurrency Revolving Commitment and (b) with respect to any applicable Borrower, such Borrower's Available Multicurrency Revolver Sublimit (each such loan by any Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I), a "Multicurrency Revolving Loan" and collectively, the "Multicurrency Revolving Committed AmountLoans"); provided that with regard to each individual Multicurrency Lender (other than Bank of America, N.A. with respect to Swingline Loans), the Dollar Amount of such Multicurrency Lender's pro rata share of outstanding . All Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicable, such Multicurrency Lender's pro rata share of comprising the Swingline Loans) same Borrowing hereunder shall not exceed such Multicurrency Lender's Commitment Percentage of be made by the Multicurrency Revolving Committed AmountLenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments. During the Commitment Period each Borrower may use Prior to the Multicurrency Revolving Committed Amount by borrowingRevolver Termination Date, prepaying the Multicurrency Revolving Loans in whole or in partmay be repaid and reborrowed by Company, European Holdco and reborrowing, all Subsidiary Borrowers in accordance with the terms and conditions hereof; provisions hereof and, except as otherwise specifically provided that in no event shall the aggregate Dollar Amount with respect to principal of herein (i) all Multicurrency Revolving Loans plus comprising the Multicurrency Lenders' pro rata share same Borrowing shall at all times be of all Swingline Loans plus the Multicurrency Lenders' pro rata share of all LOC Obligations at any one time outstanding exceed the same Type and (ii) no Multicurrency Revolving Committed AmountLoans incurred or maintained as Eurocurrency Loans may have Interest Periods in excess of seven days, except as permitted by Administrative Agent in its sole discretion, if incurred prior to the earlier of (1) the 60th day after the Initial Borrowing Date and (2) the Syndication Date (with all such Interest Periods ending on the same day during such period).

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

Multicurrency Revolving Loans. Subject to the terms Each Multicurrency Revolving Lender, severally and conditions hereoffor itself alone, each Multicurrency Lender severally hereby agrees, on the terms and subject to the conditions hereinafter set forthforth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, to make revolving credit loans ("Multicurrency Revolving Loans") to a BorrowerCompany, European Holdco and the Other Subsidiary Borrowers, denominated in U.S. Dollars or in Euros, an Alternative Currency on a revolving basis from time to time during the Commitment Period Period, in an aggregate principal Dollar Amount at any one time outstanding amount not to exceed the amount of such Lender's Commitment Percentage of SIX HUNDRED EIGHTY MILLION DOLLARS ($680,000,000) (as such amount may be reduced pursuant to subsection 2.5 or subsection 2.6(b)(v)(I)its Multicurrency Revolver Pro Rata Share of, the "Multicurrency Revolving Committed Amount"); provided that with regard to each individual Multicurrency Lender (other than Bank of America, N.A. with respect to Swingline Loans)all Borrowers, the Dollar Amount of Total Available Multicurrency Revolving Commitment and with respect to any applicable Borrower, such Borrower’s Available Multicurrency Revolver Sublimit (each such loan by any Lender's pro rata share of outstanding , a “Multicurrency Revolving Loan” and collectively, the “Multicurrency Revolving Loans”). All Multicurrency Revolving Loans plus LOC Obligations outstanding (plus, if applicable, such Multicurrency Lender's pro rata share of comprising the Swingline Loans) same Borrowing hereunder shall not exceed such Multicurrency Lender's Commitment Percentage of be made by the Multicurrency Revolving Committed AmountLenders simultaneously and in proportion to their respective Multicurrency Revolving Commitments. During the Commitment Period each Borrower may use Prior to the Multicurrency Revolving Committed Amount by borrowingRevolver Termination Date, prepaying the Multicurrency Revolving Loans in whole or in partmay be repaid and reborrowed by Company, European Holdco and reborrowing, all Other Subsidiary Borrowers in accordance with the terms and conditions hereof; provisions hereof and, except as otherwise specifically provided that in no event shall the aggregate Dollar Amount with respect to principal of herein all Multicurrency Revolving Loans plus comprising the Multicurrency Lenders' pro rata share same Borrowing shall at all times be of all Swingline Loans plus the Multicurrency Lenders' pro rata share of all LOC Obligations at any one time outstanding exceed the Multicurrency Revolving Committed Amountsame Type.

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!